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Interest on gstr 3b late filing

amruth raj (33 Points)

13 March 2020

we already paid the late fee by days of late as delay of filing.What is the interest on gst amount ,which was in 3B ?

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6 Replies

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 13 March 2020

Interest is leviable on Output Tax Liability.
Late fee is being paid on account of Late filing of return

amruth raj (33 Points)
Replied 13 March 2020

I think large number of GSTIN holders are liable to pay the interest now,As receiving notices from authority.We received with a 7 days time.What are the actions if we can't pay in 7 days and want extra time

RAJA P M ("Do the Right Thing...!!!") (127150 Points)
Replied 13 March 2020

Contact Your circle officer and discuss the same...

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 16 March 2020

Officer can block your ITC & can recover by debiting from your bank account.

So it's better to reply the Notice or contact to your jurisdiction tax officer

Srishti Agrawal (Practice, Teacher) (172 Points)
Replied 20 March 2020

Hello, if you filed the return late, that implies that you paid the GST to govt late, so the amount that was outstanding that you paid in Cash, is liable for interest, that you manually need to enter in GSTR 3B.